Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

(Stock image) The findings likely reflect the rapid rental inflation in new tenancies. Alamy Stock Photo

Rent for sitting tenants is over 15% lower than rent for newer tenants in similar properties

New data from the ESRI has found that sitting tenants are paying €214 less per month than new tenants.

SITTING TENANTS ARE paying 15.2% cheaper rent prices compared to new tenants entering the private market, even if both parties are renting similar properties types.

New data from the Economic and Social Research Institute (ESRI) published today has found that sitting tenants are paying, on average, €214 less per month than new tenants in the private market.

The institute says the findings likely reflect the rapid rental inflation in new tenancies observed in more rural and less traditional rental markets. Additionally, the study notes that these areas are less likely to have a higher tenancy turn over.

The author of the research, Dr Rachel Slaymaker, told The Journal that while some of the prices that new tenants face could reflect the premium costs of recent developments, the research still aims to find the difference in prices for the two cohorts.

“With almost one-fifth of Irish households renting from a private landlord these data are crucial for understanding the sector as a whole,” Slaymaker said while publishing the research.

The research found that similar properties in Dublin have a tighter gap, of just over 13%, the rest of the country (not including the greater Dublin area) actually has a higher difference of 17.3%.

In keeping with the trends seen in the more rural end of the private market, the largest gaps between the rents are found in the north-west, west and parts of the midlands.

Slaymaker said identifying “particular pressure points” in the current housing market can be done so by observing the large differences between existing and new tenancy rents found in the report.

For example, larger properties were also noted as having greater gaps in prices between the two groups.

The findings say that larger properties notably have bigger differences in cities; Waterford, Limerick and Galway.

However, this is not the case in counties such as Kerry, Westmeath and Mayo – where the gaps between the prices are highest for one-bedroom properties.

The research could indicate that there is a “particular shortage” of smaller properties relative to demand in these counties.

On the whole, the research found that this type of accommodation – smaller, one bedroom properties – have become much more common among new renters entering the market and make up a higher share of the property pool.

Separately, larger accommodation types, such as three bedroom tenancies, make up a lower portion of new tenancies compared to existing ones.

“This indicates that smaller properties and those in more urban areas turn over more frequently and are therefore over-represented in new tenancy measures relative to their share in the market as a whole,” the ESRI said today.

The research was conducted on tenancies registered between April-September 2022 and was funded by the Residential Tenancies Board. Existing tenants were considered as those living in the same property for over a year.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
19 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Install the app to use these features.
    Mute Peter Carroll
    Favourite Peter Carroll
    Report
    Feb 23rd 2012, 4:34 PM

    The sad result of selling below cost,taxpayer subsidised, alcohol the the Pariamentary bar. Better introduce minimum pricing in the Dail bars before the problem spreads to here. If not we might see ministers driving on the wrong way down motorways; or worse still TD’s ranting and roaring in the House!!

    23
    Install the app to use these features.
    Mute Danny Kelly
    Favourite Danny Kelly
    Report
    Feb 23rd 2012, 4:39 PM

    I can tell you from experience that the bar in the Commons is the same price (and decor) as in any other pub in England, and that this unfortunately is not the worst thing that has ever happened there…

    8
    Install the app to use these features.
    Mute Gerard Murphy
    Favourite Gerard Murphy
    Report
    Feb 23rd 2012, 5:25 PM

    So you are saying Danny that the beer in the commons bar is dirt cheap?

    5
    See 2 more replies ▾
    Install the app to use these features.
    Mute John O'Neill
    Favourite John O'Neill
    Report
    Feb 23rd 2012, 11:01 PM

    You assume he was drunk. You don’t need to be drunk to hit a Tory MP.

    5
    Install the app to use these features.
    Mute Peter Carroll
    Favourite Peter Carroll
    Report
    Feb 24th 2012, 9:05 AM

    John, yes I did assume he was drunk. The clue was in the fact that he also managed to thump a Labour MP!

    1
    Install the app to use these features.
    Mute Noel Carroll
    Favourite Noel Carroll
    Report
    Feb 23rd 2012, 3:50 PM

    Surely he’s now the dishonourable member for Falkirk ;)

    13
    Install the app to use these features.
    Mute Aleo
    Favourite Aleo
    Report
    Feb 23rd 2012, 5:12 PM

    Shouldn’t there be room for a naughty step at the Palace of Westminster?

    4
    Install the app to use these features.
    Mute Bryan Holmes
    Favourite Bryan Holmes
    Report
    Feb 23rd 2012, 7:30 PM

    Maybe Joyce & Frank Fahey could go 3 rounds in a Commons v Dail heavyweight championship ?

    2
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.

Leave a commentcancel

 
JournalTv
News in 60 seconds